Diploma full year pre-tax profits increased 4 percentStaff Writer | November 21, 2016
Technical products supplier Diploma said full year pre-tax profits rose 4% to £54 million on thanks to a rise in revenue to £382.6 million from £333.8 million as acquisitions and currency movements provided a strong tailwind.
Diploma The total dividend jumped 10%
"After adjusting for the contribution from acquisitions completed both this year and last year and for currency effects on translation, group revenues increased by 3% on an underlying basis," Diploma said.
"Steady underlying revenue growth of 4% in both the Life Sciences and Controls Sectors more than offset a weaker performance from the Seals Sector where underlying revenues increased by 1%." ■